US Gold Corp (NASDAQ:USAU - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.59 and traded as high as $11.92. US Gold shares last traded at $11.60, with a volume of 591,664 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. HC Wainwright reissued a "buy" rating and issued a $15.00 price objective on shares of US Gold in a research report on Wednesday, June 25th. Roth Capital reaffirmed a "buy" rating and issued a $19.00 target price (up from $18.00) on shares of US Gold in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $14.67.
Get Our Latest Research Report on US Gold
US Gold Stock Performance
The company has a market capitalization of $187.16 million, a PE ratio of -7.49 and a beta of 1.27. The company's 50-day simple moving average is $11.83 and its 200-day simple moving average is $10.69.
US Gold (NASDAQ:USAU - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.10). Analysts expect that US Gold Corp will post -0.95 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of USAU. Philadelphia Financial Management of San Francisco LLC purchased a new position in US Gold during the 1st quarter worth $2,163,000. Geode Capital Management LLC lifted its stake in shares of US Gold by 109.6% in the 2nd quarter. Geode Capital Management LLC now owns 251,330 shares of the technology company's stock worth $3,067,000 after acquiring an additional 131,394 shares during the period. Renaissance Technologies LLC lifted its stake in shares of US Gold by 296.4% in the 4th quarter. Renaissance Technologies LLC now owns 93,900 shares of the technology company's stock worth $576,000 after acquiring an additional 70,214 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of US Gold in the 4th quarter worth $182,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of US Gold in the 4th quarter worth $104,000. 6.64% of the stock is owned by hedge funds and other institutional investors.
About US Gold
(
Get Free Report)
U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.
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